Pinpoint Asset Management Singapore Pte. Ltd. Trims Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Pinpoint Asset Management Singapore Pte. Ltd. trimmed its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 46.3% during the third quarter, HoldingsChannel.com reports. The fund owned 368,114 shares of the company’s stock after selling 316,803 shares during the period. KE makes up approximately 1.3% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 16th largest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in KE were worth $6,994,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in KE by 9,185.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,357,319 shares of the company’s stock worth $26,196,000 after acquiring an additional 1,342,702 shares during the period. LMR Partners LLP increased its holdings in shares of KE by 45.2% in the second quarter. LMR Partners LLP now owns 567,547 shares of the company’s stock valued at $10,068,000 after purchasing an additional 176,643 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of KE by 109.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 139,913 shares of the company’s stock valued at $2,658,000 after purchasing an additional 73,078 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of KE by 897.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,740,683 shares of the company’s stock worth $33,073,000 after purchasing an additional 1,566,253 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of KE by 18.6% during the second quarter. American Century Companies Inc. now owns 1,140,263 shares of the company’s stock worth $20,228,000 after purchasing an additional 178,735 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of NYSE BEKE opened at $16.66 on Monday. KE Holdings Inc. Sponsored ADR has a one year low of $15.26 and a one year high of $25.17. The firm has a market capitalization of $19.47 billion, a P/E ratio of 39.67, a PEG ratio of 2.13 and a beta of -0.62. The company’s fifty day moving average is $17.45 and its two-hundred day moving average is $17.69.

Analysts Set New Price Targets

Several equities analysts have issued reports on BEKE shares. Barclays set a $23.00 price objective on shares of KE in a research note on Thursday, February 19th. Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.40.

KE Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.